Asia Pacific Polylactic Acid Market Forecast 2019-2028

Asia Pacific Polylactic Acid Market Forecast 2019-2028

The Asia Pacific polylactic acid market is estimated to register a CAGR of 13.06% in terms of revenue over the projected period, 2019-2028. The market is evaluated to witness considerable growth at a CAGR of 15.03% in terms of volume. The application of polylactic acid in biomedical for packaging of drugs, and in electronic industry to make parts of television, smartphones, and other electronic products, and the textile industry is influencing the demand for polylactic acid in the region.

The Asia Pacific polylactic acid market growth is analyzed by segregating the region into Japan, South Korea, Indonesia, India, Thailand, Australia & New Zealand, Vietnam, China, and the rest of Asia Pacific. Indonesia’s packaged food market continued to develop positively in 2019, due to rising disposable income, growing middle-income households, and consumer’s interest in experiencing new products. Indonesia has become the second-largest producer of motor vehicles within the ASEAN. In Thailand, the packaged food & beverage demand will stimulate the growth of the market. Thailand’s auto export growth makes up for about 60% of automotive sales. Thailand is considered one of the world’s most competitive destinations for high-quality and affordable medical care. In countries like Vietnam, packaged food value and volume growth rates in 2019 outnumbered the previous year volume. Vietnam’s automobile industry has grown rapidly in recent years. The Australia food & beverage processing sector is a significant contributor to the country’s economy. New Zealand is a major food and beverage exporter. Australia is a developed and competitive market, and there is a demand for a full range of innovative medical equipment. In New Zealand, healthcare is of high quality and largely subsidized to all its citizens. In the rest of Asia Pacific, the countries are increasingly involved in economic development activities, which will ultimately drive the polylactic acid market.

Some of the prominent companies functioning in the market are Mitsubishi Chemical Corporation, Total -Corbion PLA, Zhejiang Hisun Biomaterials Co., Ltd, Innovia Films, ThyssenKrupp AG, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates `
2.2. Market Overview
3. Market Dynamics
3.1. History Of Polylactic Acid
3.2. Market Definition
3.3. Key Drivers
3.3.1. Unstable Petroleum Prices And Lack Of Enough Sources
3.3.2. Favorable Government Support
3.3.3. Rising Environmental Concerns
3.3.4. Increasing Demand From Developing Countries
3.4. Key Restraints
3.4.1. Poor Performance Compared To Conventional Plastics
3.4.2. Price Competitiveness From Conventional Polymers And Agricultural Fiber Alternatives
3.4.3. Need For Industrial Composting Units
4. Key Analytics
4.1. Key Investment Insights
4.2. Porter’s Five Force Analysis
4.2.1. Buyer Power
4.2.2. Supplier Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Opportunity Matrix
4.4. Vendor Landscape
4.5. Value Chain Analysis
4.5.1. Raw Material
4.5.2. Production
4.5.3. Retailer/Distributor
4.5.4. End-user
4.6. Key Buying Criteria
4.6.1. Price
4.6.2. Alternatives
4.6.3. Availability
4.6.4. End Of Life Effects
4.7. Regulatory Framework
5. Market By Product Form
5.1. Films And Sheets
5.2. Coatings
5.3. Fibers
5.4. Other Product Forms
6. Market By Application
6.1. Packaging
6.2. Agriculture
6.3. Electronics
6.4. Textiles
6.5. Medical
6.6. Automotive
6.7. Other Applications
7. Market By Raw Material
7.1. Corn
7.2. Sugarcane & Sugar Beet
7.3. Cassava
7.4. Other Raw Materials
8. Geographical Analysis
8.1. Asia Pacific
8.1.1. China
8.1.2. Japan
8.1.3. India
8.1.4. South Korea
8.1.5. Indonesia
8.1.6. Thailand
8.1.7. Vietnam
8.1.8. Australia & New Zealand
8.1.9. Rest Of Asia Pacific
9. Company Profiles
9.1. Natureworks Llc
9.2. Basf
9.3. Mitsubishi Chemical Holding Corporation
9.4. Zhejiang Hisun Biomaterials Co Ltd
9.5. Futerro Sa
9.6. Synbra Holding Bv
9.7. Teijin Ltd
9.8. Dow Chemicals
9.9. Thyssenkrupp Ag
9.10. Danimer Scientific
9.11. Green Bioplastics
9.12. Innovia Films
9.13. Good Natured Products Inc
9.14. Total-corbion Pla

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